Epic Housing Shortage Being Reported

The Joint Center of Housing Studies (JCHS) at Harvard University recently released their 2017 State of the Nation’s Housing Study, and a recent blog from JCHS revealed some of the more surprising aspects of the study.

The first two revelations centered around the shortage of housing inventory currently available in both existing homes and new construction.

Regarding Existing Home Inventory:

“For the fourth year in a row, the inventory of homes for sale across the US not only failed to recover, but dropped yet again. At the end of 2016 there were historically low 1.65 million homes for sale nationwide, which at the current sales rate was just 3.6 months of supply – almost half of the 6.0 months level that is considered a balanced market.”

Regarding New Home Inventory:

“Markets nationwide are still feeling the effects of the deep and extended decline in housing construction. Over the past 10 years, just 9 million new housing units were completed and added to the housing stock. This was the lowest 10-year period on records dating back to the 1970s, and far below the 14 and 15 million units averaged over the 1980s and 1990s.”

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The biggest challenge in today’s market is getting current homeowners and builders to realize the opportunity they have to maximize profit by selling and/or building NOW!!  Give me a call to get started – J.P. Cook – 602-320-4253.

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Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

16112 E Carmel Drive Fountain Hills, AZ 85268

$720,000

3 Beds

2 Baths

1,817 SqFt

Status Active

MLS # 6768968

Property Type Single Family Residence

Price Type --

STUNNING VIEWS!!! This fully renovated home offers the perfect blend of luxury and comfort. Inside, you'll find an open-concept living space with brand new features like AC, cabinets, stainless steel appliances, and a cozy fireplace. Step outside to your private pool oasis, complete with a new patio deck. High-quality finishes throughout, including tile and marble floors, quartz countertops, and new doors and windows, create a sophisticated and inviting atmosphere. This energy-efficient home is not only beautiful but also practical. Enjoy the convenience of a new 2-car garage with epoxy floors and a freshly painted interior. With a stunning pergola adding a touch of elegance, this move-in-ready masterpiece is a must-see.

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20750 N 87th Street Unit 2011 Scottsdale, AZ 85255

$720,000

3 Beds

2 Baths

1,825 SqFt

Status Active

MLS # 6772543

Property Type Townhouse

Price Type --

Luxury living at Encore at Grayhawk. This property features a spacious open floor plan with a large kitchen with stainless steel appliances and a breakfast bar, all open to a great room with gas fireplace, large windows and an exit to a spacious north facing balcony with mountain views, and featuring a separate dining room ideal for entertaining. The split floor plan offers the primary suite privacy and boast mountain views, balcony access, a large walk-in closet and well appointed full bath. The fantastic location is just steps from golf, dining, shopping, hiking, and events. This gated community offers resort amenities such as pool, spa and fitness room so you can enjoy a relaxing lifestyle.

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4590 Fletcher Court Wickenburg, AZ 85390

$720,000

2 Beds

2.5 Baths

2,109 SqFt

Status Active Under Contract

MLS # 6738238

Property Type Single Family Residence

Price Type --

You have to see this Home! This highly desirable Brasada model located in the Premier Golf Community of Wickenburg Ranch is packed with impressive upgrades & designer features. This luxurious home is an entertainers dream. Positioned high on a cul-de-sac lot with breathtaking views. You will enjoy the Mountain View's from every room of this home! Easy care landscape leaves you time to do all the fun activities that WR has to offer. Beautiful gourmet kitchen with a serving pantry is just the beginning. It all starts with a grand entry leading you to the great room with a glass wall of doors that opens to the outdoor living space. The outdoor area features electric shades that will enclose this area completely. Remote controlled window treatments continue throughout home. The additional living space includes a Den, an office space off of the kitchen, huge laundry area with additional storage, a custom built primary closet & stunning spa-like bath. The garage offers built in storage & is climate controlled with a mini split A/C. You will also enjoy the whole house water filtration system, upgraded appliances, incredible granite countertops and designer lighting throughout out this gorgeous home.

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4858 E Shady Glen Avenue Scottsdale, AZ 85254

$720,000

3 Beds

2.5 Baths

1,832 SqFt

Status Active Under Contract

MLS # 6764373

Property Type Single Family Residence

Price Type --

This gorgeous Arabella home features 3 bedrooms, 2.5 bathrooms, and a 2-car garage. The stunning great room offers a seamless flow between living & dining areas. The gourmet kitchen boasts high-end stainless steel appliances, quartz countertops, RO system, a stylish tile backsplash, gorgeous wood cabinetry, and a breakfast bar. The main bedroom includes an ensuite bathroom with dual sinks, upgraded marble countertops, glass wall shower, a walk-in closet, and convenient access to the adjacent laundry room. Outdoor features of this home include a well shaded north facing covered patio accompanied by a low maintenance heat resistant turf backyard perfect for your pets.

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1101 E Marlette Avenue Phoenix, AZ 85014

Open House

$720,000

3 Beds

2 Baths

1,836 SqFt

Status Active

MLS # 6750105

Property Type Single Family Residence

Price Type --

Your Dream Home Awaits! Welcome to this beautifully loved and maintained 3-bedroom, 2-bathroom + home office in the heart of Uptown Phoenix! This is your opportunity to own a truly special property. Step inside to find an all-new kitchen, stunning wood-look flooring that is a breeze to maintain, and freshly remodeled bathrooms. The newer Trane AC ensures your home stays cool, while the designer touches throughout give it a luxurious, updated feel. Outside, enjoy the Arizona lifestyle in your backyard oasis, complete with a pool to cool off on and a large covered patio ideal for outdoor entertaining. The yard boasts mature trees and landscaping, offering shade and privacy. For those who work from home, you'll love the private office tucked away in the garage— a perfect retreat for focus and productivity, separate from the main living areas. Plus, the generous laundry room adds extra convenience and space. Located in the highly sought-after Madison School District, this home radiates pride of ownership and is situated in one of Phoenix's most desirable neighborhoods, close to everything uptown has to offer.

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1533 W Flower Circle Phoenix, AZ 85015

$719,995

3 Beds

3.5 Baths

2,375 SqFt

Status Active

MLS # 6749592

Property Type Single Family Residence

Price Type --

Fall in love with the highly sought after ICONIC ''inner circle'' of the North Encanto Historical district. This beautiful 40's ranch style home has been remodeled from the inside out! This charming property gives you a 3 bed 3.5 bath, two living spaces and a garage. The spacious backyard is perfect for outdoor activities. The property also includes 2 carport spaces. Make this historical house your new home.

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11035 E Ulysses Avenue Mesa, AZ 85212

Open House

$719,995

4 Beds

2.5 Baths

2,980 SqFt

Status Active

MLS # 6708132

Property Type Single Family Residence

Price Type --

This wonderful two-story 4 bedroom, 2.5 bath upgraded quick move-in home is designed beautifully with tile flooring and upgraded carpet, upgraded kitchen cabinetry, countertop & KitchenAid appliances. Additional upgraded cabinetry with soft close and dovetail construction added throughout the home, plus more. The laundry room is located on the second floor along with the primary bedroom, 3 secondary bedrooms and a loft space big enough to entertain the whole family. This home is a must see and wont last long. This is your opportunity to experience Toll Brothers Luxury at the right price.

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7699 W Tether Trail Peoria, AZ 85383

$719,990

3 Beds

2.5 Baths

2,495 SqFt

Status Active

MLS # 6714648

Property Type Single Family Residence

Price Type --

Welcome to Ashton Woods newest community in Peoria -The Sanctuary at Aloravita. This 2,495 Topaz floorplan features a Modern Desert elevation and includes 3 bedrooms, 2.5 baths, and a 3-car tandem garage. The massive kitchen island is perfect for family and friends to gather as it opens to the home's great room for easy entertaining. The kitchen includes stainless steel appliances with a gas cooktop, large undermount sink, beautiful white shaker style cabinets, cabinet hood, quartz countertops, and a must see Butler's Pantry. Other features include, 8' interior doors, wood plank floor tile, upgraded carpet/pad, and a soft-water loop in the 3-car tandem garage.

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7669 W Tether Trail Peoria, AZ 85383

$719,990

3 Beds

2.5 Baths

2,197 SqFt

Status Active

MLS # 6749324

Property Type Single Family Residence

Price Type --

Welcome to Ashton Woods newest community in Peoria -The Sanctuary at Aloravita. This 2,197 Ruby floorplan features a Spanish style elevation and includes 3 bedrooms, 2.5 baths, a den, plus an RV garage. The impressive kitchen island is perfect for family and friends to gather as it opens to the home's great room for easy entertaining. The kitchen includes stainless steel appliances with a gas cooktop, large undermount sink, under cabinet hood, beautiful painted shaker style cabinets with crown molding, quartz countertops, kitchen backsplash, and large pantry. The great room offers a 4 panel center sliding glass door so you can step out into your covered patio to enjoy indoor/outdoor living in your backyard with friends and family. Other features include, 8' interior doors, 6x36 wood plank style floor tile, upgraded carpet/pad, a soft-water loop, and much more! This home also includes an RV garage, perfect for an RV or a car enthusiast! Great location close to dining, freeways, parks, and entertainment!

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4145 W Buckskin Trail Phoenix, AZ 85083

$719,900

4 Beds

3 Baths

2,708 SqFt

Status Active

MLS # 6777318

Property Type Single Family Residence

Price Type --

Welcome to your dream home in desirable Stetson Hills! Stunning 4-bdrm + den showplace Huge great room w/ soaring 10-foot ceilings & built-in surround sound. Formal Dining. Gourmet kitchen boasts double islands, a gas cooktop, & spacious pantry, making it a chef's paradise. The expansive owner's suite is a true retreat, complete w/ a remodeled bath, a large walk-in closet, & a private door to the back patio. Step outside to your resort-style backyard, where a sparkling Pebble Tec pool & spa await, featuring a large Baja step, elegant stone accents, & fire features amidst manicured landscaping, including low-maintenance faux turf. The extended patio w/ a built-in gas grill, refrigerator, & integrated speakers. 2nd Master w/ private bath. Two newer Lennox A/C's. Pride of ownership!

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11611 N 189th Drive Surprise, AZ 85388

$719,900

4 Beds

3 Baths

2,163 SqFt

Status Active

MLS # 6765141

Property Type Single Family Residence

Price Type --

Welcome to 11611 N 189th Drive in Surprise, AZ! This stunning, newer 4-bedroom, 3-bath home offers 2,163 sq. ft. of living space on an impressive 9,114 sq. ft. lot. Designed with the popular Wayfarer split floor plan, this single-level beauty features spacious and versatile living areas, perfect for families and entertaining. Step into the heart of the home and enjoy the modern kitchen equipped with stainless steel appliances, a gas range, and plenty of space for culinary creations. The home's interior shines with brand-new paint and luxurious LVP flooring throughout, providing a fresh and contemporary look. The spacious 3-car tandem garage plus a 50 ft. RV garage is perfect for car enthusiasts, RV owners, or those with plenty of toys to store. Outside, the oversized backyard is an entertainer's dream! Enjoy breathtaking views of the White Tank Mountains while relaxing in your newer pool or on the low-maintenance turf. With so many options for outdoor activities and entertaining, this incredible property is ready to become your personal oasis. Don't miss your chance to own this versatile and stunning home!

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21523 N 72nd Avenue Glendale, AZ 85308

$719,900

5 Beds

3 Baths

3,128 SqFt

Status Active

MLS # 6753093

Property Type Single Family Residence

Price Type --

Move-in ready 5 bedroom, 3 bathroom home in the highly sought-after Sierra Verde Community of Glendale offers both comfort and style. Step inside to find a formal dining and living area, complete with a cozy 2-way fireplace and elegant plantation shutters, all beneath stunning vaulted ceilings that create an open and airy feel. The kitchen is a chef's delight, featuring a stainless steel appliance package, granite countertops, abundant cabinet space, and a pantry for all your storage needs. The master bedroom serves as a private retreat with its luxurious amenities, including double sinks, walk-in tile shower, and a spacious walk-in closet. Sitting on a large lot with mature trees, the backyard is perfect for outdoor living, featuring a sparkling pool and a covered patio.. ...for relaxing or entertaining. Additional highlights include new carpet, a 3-car garage, RV gate, and plenty of space for storage or recreational toys. The home also boasts several recent upgrades, ensuring peace of mind for years to come: a brand new AC unit installed in 2021, a beautifully remodeled upstairs bathroom completed in 2024, a new pool filter added in 2024, and a full roof replacement in 2018. Get a private tour today!

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